Candriam S.C.A. Has $24.24 Million Stake in General Electric (NYSE:GE)

Candriam S.C.A. grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 145,339 shares of the conglomerate's stock after acquiring an additional 17,556 shares during the quarter. Candriam S.C.A.'s holdings in General Electric were worth $24,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp increased its stake in shares of General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares during the period. Geode Capital Management LLC boosted its stake in General Electric by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock valued at $4,244,676,000 after purchasing an additional 156,272 shares in the last quarter. Jennison Associates LLC increased its position in shares of General Electric by 1.4% during the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after purchasing an additional 106,891 shares during the period. Bank of New York Mellon Corp raised its stake in shares of General Electric by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock worth $1,128,571,000 after buying an additional 115,257 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of General Electric by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,732,817 shares of the conglomerate's stock valued at $1,122,966,000 after buying an additional 202,233 shares during the period. Institutional investors own 74.77% of the company's stock.

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Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research initiated coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Finally, Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Stock Down 1.2 %

NYSE:GE traded down $2.24 on Monday, hitting $191.61. 6,191,686 shares of the company's stock traded hands, compared to its average volume of 5,393,680. The company has a market cap of $205.65 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 1 year low of $130.38 and a 1 year high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $193.02 and a 200-day moving average price of $183.20.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. General Electric's dividend payout ratio is 24.04%.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.